[Skip to Content]

Adjustable Rate Mortgage

An adjustable rate mortgage (ARM) is a home loan with an interest rate that adjusts on a predetermined basis. Most ARMs begin with a fixed rate for a certain period of time and then adjust up or down according to the index on which it is based, after the fixed period expires. An ARM typically includes several kinds of caps that control how your interest rate can adjust initially, subsequently and over the lifetime of your loan. Rates may rise or fall after the initial period.

An adjustable rate mortgage has:

  • Lower interest rates from the start. The rate may rise or fall after the initial period.
  • A variety of term lengths.
  • Access to quick, local decisions.
  • Access to rates and applications online.


Apply now Contact Us